Color
Color is either White or Black. Color is considered White
for up candles (CL > OP) and Black for down candles (CL < OP).
Shape
Shape is either Long, Small, or Doji. Shape is considered
Long if the Body is larger than the average body size (of previous
candles). Shape is considered Doji if the body is less than
EP% of the lowest body price, where EP is the Equal Percent option
available in the CPR preferences which defaults to 0.50 but can be
customized by the user. In other words, it's Doji if:
ABS(CL - OP) < (EP/100) *
MIN(CL, OP)
And the Shape is considered Small if the
body is anywhere between Long and Doji. The Shape will
always be one of the three (Long, Small, Doji).
Top Shadow
Top Shadow can be either Long, Small, or Medium. The Top
Shadow may also be referred to as the Upper Wick. The
Top Shadow is Long if it is greater than body multiplied by LS
(the Long Shadow setting in the CPR prefs). The Top Shadow
is Small if it is less than body multiplied by SS (the Small
Shadow setting in the CPR prefs). The Top Shadow is
considered Medium anywhere in between.
Bottom Shadow
Bottom Shadow can be either Long, Small, or Medium. The
Bottom Shadow may also be referred to as the Lower Wick.
The Bottom Shadow is Long if it is greater than body multiplied by
LS (the Long Shadow setting in the CPR prefs). The Bottom
Shadow is Small if it is less than body multiplied by SS (the
Small Shadow setting in the CPR prefs). The Bottom Shadow is
considered Medium anywhere in between. |